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How are the placements at other B-schools like S.P Jain, JBIMS, NMIMS, SIBM and XLRI compared to the IIMs? Is it worth joining these institutes?
Although all the institutes offer good placement to its students, a comparative analytical report based on points would be helpful for you to decide which institute to choose for your higher studies.
XLRI:
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Some of the top recruiters who offer internship and job opportunities to the XLRI students are Aditya Birla Group, Amazon, Microsoft, are ITC, JP Morgan, Ramco Systems, Accenture, Sapient, ATG Tires, Lodha Group, RPG, Udaan, P&G, Colgate Palmolive, Ola, Myntra, Samsung, C K Birla, Power Finance Corporation among others.
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The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.
IIML:
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It offers 100% placement to its students.
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The top recruiters are JCB India, Bosch, Apparel group, Tolaram Group, RPG Group, and more.
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The highest and the medium salary range remain to be around 54 LPA and 23 LPA.
IIMK:
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Students at IIMK get 98% placement and the highest and the medium salary package remains to be around 40 LPA and 18 LPA.
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Some of the top recruiters who offer internship and job opportunities are Cognizant, Wipro, Amazon, Airtel, City Bank, Deloitte, Nestle, Bosch, Microsoft, Raymond, and more.
SIBM Pune:
It was ranked 6th by Outlook India in 2020.
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The top recruiters who offer placement to the students are Axis Bank, Flipkart, Diageo, KPMG, Capgemini, HDFC Bank, Mahindra CIE, ITC, and more.
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The highest and the medium packages are 34 LPA and 18 LPA.
NMIMS:
NMIMS has ranked 2nd among the top BBA colleges of India by India Today in 2020.
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Top recruiters of NMIMS students are IBM, Johnson, and Johnson, Deloitte, ICICI, HDFC Bank, Cadila, Mankind, Accenture, Amdocs, Bajaj Finserv, Aditya Birla Group, Alkem, Cipla, and more.
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The highest and medium salary packages remain to be around 30 LPA and 17 LPA.
JBIMS:
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Students receive job opportunities from various companies such as Mahindra Group, TATA Group, The Boston Consulting Group, Reliance Industries, Godrej consumer products, and more.
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The highest and medium packages that are offered are 32 LPA and 26 LPA.
These are the major placement related details that you should be taking into account while deciding whether you want to join any of these institutes or not.
Which is a better option? XLRI or JBIMS in all terms?
It’s difficult to determine which institute is better as the courses are not mentioned for the given college. However, given below are information about the colleges in all terms, which may help you make the decision.
XLRI, Jamshedpur:
The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams.
Courses offered:
The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM.
Admissions:
To get into this college for PGDM programs, the college accepts XAT and GMAT marks. The end of the selection round consists of group discussion and personal interview.
Faculty:
The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.
Placements:
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100% placement was recorded in the year 2020 for the PGDM course.
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The highest salary went up to Rs 50 LPA and the lowest salary was Rs 21 LPA.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The college is ranked as 24th for MBA by outlook in the year 2020. The college was one of the earliest business schools in India.
Courses offered:
Under the MMS program, there are various courses that are offered which include; finance, marketing, operations, HR, and systems.
Admissions:
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To get admissions one should have a UG degree from any recognized university.
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Candidates who give the paper for CAT and CMAT can also apply for the college.
Faculty:
The faculty of the college is well experienced and well versed in the subjects that they teach.
Placements:
For the academic year 2019, the placement for JBIMS, Mumbai saw significant growth from last year.
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The highest salary went up to 32.30 LPA, an 8% increase from the previous year.
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The median salary stood up to 20 LPA, an 18% increase from the previous year.
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The top companies include J.P. Morgan Chase & Co., McKinsey & Company, Hindustan Unilever, the Boston Consulting Group, and Goldman Sachs.
Therefore, apart from the placements, both these colleges are more or less similar. But if one has to choose a college, they can look at the information given above.
What is a detailed plan to crack the MH-CET, so as to get into JBIMS?
The estimated required MH CET cutoff for 2020 is 97.37. Usually, if a student scores 153 out of 200 in MH CET they secure 99 percentile in the exam however for securing 100 percentile you have to score close to 163-165. To get a good score in MH-CET for taking admission into JBIMS you should follow the following instructions.
- Knowing about the exam and syllabus:You should be aware of the important dates, syllabus, and exam pattern. Find out the previous year’s cut-offs for JBIMS and prepare with a goal for the same.
- Plan and create a strategy:In MH CET, the student needs to answer 200 questions within 150 questions. Managing time is essential for scoring well in this examination. There are 4 main sections for the exam namely; verbal ability (50), logical reasoning (75), quantitative aptitude (50), and abstract reasoning (25). Plan your strength and weakness in each section and prepare accordingly ideally you should start preparing at least 4 to 5 months before the date of the examination.
- Solve Mock tests:Solve as many mock tests as you can that will help you to get familiar with the pattern of question. Solving mock tests also helps in managing time during test.
Which course is better, an MSc. in finance from Jamnalal Bajaj Institute of Management, Mumbai, or NMIMS, Mumbai or MSc. in financial engineering from IFMR, Chennai?
If you are considering pursuing a Master of Science (M Sc) degree from NMIMS, it is important to do some further research on the recognition of the degree. However, an MBA from their Mumbai campus can be a good option to consider.
On the other hand, IFMR offers only MBA and Ph.D. programs, so it is not possible to pursue an M.Sc from there. As for JBIMS, it is the most prestigious institution in Mumbai, but there have been some concerns raised about the accuracy of their placement salary data. Additionally, the selection process for their M Sc course is quite competitive, with only 30 seats available for the program and a large number of candidates competing for those spots.
Considering your interest in finance, it would be beneficial to aim for admission to a top-notch business school like XLRI, which is renowned for its finance program. Another option would be to gain experience in the industry and pursue a finance course such as CFA or FRM, which would make you eligible for admission to world-renowned business schools such as the Indian School of Business.
What is the objective of admitting freshers in Ivy B-Schools like IIMs, FMS, JBIMS, SIMSREE, SPJIMR, XLRI, etc.?
MBA admission in Indian B Schools is a fairly weird process in comparison to that of foreign B Schools. In India, the admission process requires a candidate to have some work experience and in certain B-schools, it even carries a certain weightage. But during Final Placements, this scenario changes entirely as the recruiters prefer freshers over experienced candidates. The major reasons for this contrast are:
- The recruiters offering Marketing roles are on the lookout for candidates who can initially go through a sales job for a few years. They believe that the route to Marketing is through sales only. Now Sales requires a lot of traveling that too to rural areas. The recruiters know that these tough job conditions cannot be undertaken by Experienced professionals and thus prefer freshers who they can mold easily.
- The companies offering Finance roles know that the candidates with prior work experience won’t be working for the long hours they require them to. So they prefer freshers who can work long hours without complaining.
Recruiters are looking for candidates with work experience of not more than 11-12 months. Honestly, this strategy is illogical as a person with more work experience is bound to excel much better than a fresher, and restricting him from getting a job just because they cannot be exploited to the fullest extent is a bit cruel.
The scenario is pretty much the opposite in foreign countries that prefer MBA candidates with work experience only. This is because in India MBA is considered a way to become more employable or earn a fatter cheque. Whereas in the West, it is a means to upgrade your career and take it to new heights. The entire concept of MBA is at fault in India thereby this illogical strategy.
In my opinion, MBA candidates should have a work experience of at least 1 year, only then they can harness the MBA program to the fullest and not approach it just as a source of placements.
How do I get into JBIMS through the NRI quota?
In order to be eligible for JBIMS, you must have one blood relative who is an NRI. You will have to appear for the MH-CET exam. JBIMS does not have a GDPI round as the admission process is conducted through a Centralized Admission Process (CAP) round. JBIMS is considered one of the top-ranked business schools in India and is affiliated with the University of Mumbai.
The average placement at JBIMS last year was 27.63 LPA, with the highest being 42 LPA. JBIMS is sometimes referred to as the "factory of CEOs." The team will guide you based on your profile to help secure a confirmed admission at JBIMS or other top business schools in India that fit your budget.
If you don't want to waste a year, it is recommended to approach the team immediately to start the admission process for JBIMS. If you would like more information about the admission process or references from students admitted to JBIMS through the team last year, feel free to ask at any time. However, it is important to note that there are limited seats available.
Why is the infrastructure of JBIMS so poor despite such famous alumni?
You will experience significant improvements in the facilities at JBIMS compared to before. The difference between the old and new classrooms can be seen with the newly built rooms, which were sponsored by alumni. However, being a part of the University of Mumbai, making major changes to the infrastructure took a lot of time and required permission from various departments.
Campus life at JBIMS has been filled with challenges and tests of your ability. It is not like regular college life and the rigor of B-school life at JBIMS is on par with what you would expect at the IIMs.
Will I be eligible for an MBA in A grade B schools like IIMs XLRI, NMIMS, JBIMS, etc., with scores of 90.6 in the 10th standard and 70 in the 12th standard?
As a candidate with a lower academic performance in the past, you are eligible for most of the business schools, except for a few, such as the Indian Institutes of Management in Ahmedabad, Bangalore, Calcutta, and Lucknow, which place a greater emphasis on previous academic records. However, XLRI is good news for you, as it does not consider your previous academics when shortlisting candidates. Additionally, SPJain may consider extending you a profile-based admission offer if your CAT score is at least 85 or higher and you have something unique in your profile. Other top business schools, such as NITIE Mumbai, MDI, and NMIMS, are easily within reach for you.
It is recommended that you focus on making the most of your current educational journey and not let your past academic performance impact your future opportunities. Aim to prepare well for the CAT exam, aiming for a top score, and accumulate as many quality resume points as possible to develop a unique and impressive profile for yourself. However, do not forget to live the life of an engineer, taking full advantage of your education. If you gain at least 2 years of work experience, you may consider taking the GMAT and applying to the Indian School of Business, which may consider extending you an admission offer.
How do companies shortlist students for JBIMS for summer internships even before the results for the first semester are not yet declared?
The selection process for a company is typically comprised of several steps. First, you will express your interest in the company through a google form or similar mechanism. The company will then release its initial shortlists. The next step is a group or case discussion of the shortlisted students. Finally, the interview process will take place, which may consist of one or two rounds, for those who clear the group/case discussion round(s).
The shortlisting process is based on the batch profile that is shared with recruiters. Companies usually have a shortlisting criterion, such as a minimum percentage in academics or a certain amount of work experience, which they use to create their shortlist. It is important to note that academic projects are typically completed in the first 1-2 months of joining a company, and these projects are added to the CVs of all students. However, HRs do not have enough time to go through individual profiles while creating the initial shortlist, so they rely on evidence such as academics and work experience.
As a non-Maharashtra candidate which exam should I target for JBIMS?
As a non-Maharashtra candidate, you are eligible to take all the entrance exams that the institute accepts, including the Maharashtra CET. It is a common misconception that non-Maharashtra candidates are not eligible to take CET, but this is not the case. CET is one of the widely taken entrance exams and is considered to be more challenging compared to other exams such as CMAT, MAT, and ATMA.
In recent years, the institute has accepted CET, CMAT, MAT, and ATMA for admission. It is not yet clear what the admission process will be for the next academic year, but it is assumed that it will be similar to the previous years.
Taking multiple entrance exams, such as CET, CMAT, MAT, and ATMA increases your chances of getting admitted to the institute. To have a better chance of getting admitted, you should aim for a percentile of 99.99 or 99.98. Keep in mind that the competition is tough, especially for the limited number of seats available for non-Maharashtra candidates, which is currently 18.
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